Why is Pharmaids Pharma falling/rising?

As of 17-Nov, Pharmaids Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 47.82, which reflects a rise of Rs 3.41 or 7.68%. Today's price summary indicates that the stock opened with a gain of 4.48% and reached an intraday high of Rs 48, marking an 8.08% increase. However, despite this positive movement, the stock has shown a decline of 1.24% over the past week and a significant drop of 32.15% year-to-date. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.97% against the 5-day average, which may indicate waning interest despite today's gains.
Broader market context shows that while Pharmaids Pharmaceuticals has outperformed its sector by 7.4% today, it has underperformed the Sensex over the past week and month, which have seen gains of 1.69% and 1.19%, respectively. The stock's long-term performance remains strong, with a 3-year return of 260.63% and a 5-year return of 288.78%, suggesting that while recent trends are concerning, the stock has historically performed well compared to the broader market. The liquidity of the stock remains adequate for trading, but the overall decline in delivery volume could signal caution among investors moving forward.